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1. which of the following is a step in the shift creation of a legal system to safeguard
towards a market based economic system? property rights
2. design and names by which merchants or trademarks
manufacturers designate and differentiate
their products are known as __________
3. ________, a nobel prize-winning economist, amartya sen
has argued that development is not just an
economic process, but it is a political one as
well.
4. in several western democracies, the poor privatization
performance of state-owned enterprises,
because of protection from competition
and guaranteed government financial sup-
port, led to ________.
5. one of the reasons for the spread of democ- increasingly prosperous middle and work-
racy is the emergence of _____________ who ing classes
have pushed for democratic reforms.
6. which of the following areas of internation- preventing bribery and unethical acts in the
al trade is regulated by the Foreign Corrupt conduct of international business
Practice Act?
7. the tenet of ___________ is that the welfare individualism
of society is best served by letting people
pursue their own economic self-interest.
8. the state can expropriate the profits from excessive taxation
innovation through legal means, such as
____________.
, AGB 302 Final AGB 302 Final
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9. a free market economy in which property a democratic regime
rights are protected leads to subsequent
economic growth, which often leads to the
establishment of:
10. under the ___________, cases are judged with common law system
reference to three characteristics: tradition,
precedent, and custom.
11. anecdotal comparisons suggest that the education
assertion that nations that invest more in
_________ will have higher growth rates is
true.
12. which of the following helps in adjusting purchasing power party (PPP) adjustment
GNI such that it accounts for the differences
in the cost of living?
13. in a ___________ economy, certain sectors of mixed
the economy are left to private ownership
and free market mechanisms while oth-
er sectors have significant state ownership
and government planning.
14. a market economy encourages innovation economic freedom leads to greater incen-
because: tives for innovation
15. several of the fastest-growing asian democratic
economies adopted more ___________ gov-
ernments during the past three decades,
including South Korea and Taiwan.
16.